INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Provision for (Benefit From) Income Taxes

The geographical breakdown of the Company’s income (loss) from continuing operations before income tax expense (benefit) was as follows (in thousands):


		Year Ended December 31,
		2025				2024
Domestic		$	988			$	1,274
International			(3,844	)			1,710
Income (loss) before income tax expense		$	(2,856	)		$	2,984

Summary of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of (in thousands):


		Year Ended December 31,
		2025				2024
Current tax expense:
Federal		$	(268	)		$	1,271
Foreign			282				(1,107	)
State			366				584
Total current			380				748
Deferred tax expense (benefit):
Federal			(617	)			(1,078	)
Foreign			1,101				480
State			41				(180	)
Total deferred tax expense:			525				(778	)
Total income tax expense (benefit)		$	905			$	(30	)

Schedule of Reconciliation of Federal Statutory Rate to Company's Effective Tax Rate

The following table presents a reconciliation of the federal statutory rate to the Company’s effective tax rate:


		Year Ended December 31, 2025
		Amount				%
US Federal Statutory Income Tax Rate		$	(600	)			21.0	%
State income taxes, net of federal effect(1)			334				-11.7	%
Tax credits
Research credits			(784	)			27.5	%
Nontaxable and nondeductible Items, net
Meals & Entertainment			133				-4.7	%
Transaction Costs			210				-7.4	%
Foreign Taxes			(78	)			2.7	%
Capital Gain			876				-30.7	%
Stock Comp (Windfall)			41				-1.4	%
367a Gain			63				-2.2	%
Goodwill Impairment			191				-6.7	%
Other Nontaxable and non-deductible items			10				-0.4	%
Return to provision and other true ups			(1,674	)			58.6	%
Other			(2	)			0.1	%
Foreign tax effects
Canada
Rate differential			32				-1.1	%
Payable true up			362				-12.7	%
Other			2				-0.1	%
Withholding			914				-32.0	%
Future withholding			(183	)			6.4	%
Germany
Rate differential			(10	)			0.4	%
Trade tax			81				-2.8	%
Netherlands
Rate differential			(27	)			0.9	%
Other			(81	)			2.8	%
United Kingdom
Rate differential			(196	)			6.9	%
Nontaxable and nondeductible Items, net
Patent Box Deduction			(78	)			2.7	%
Other			7				-0.2	%
Research credits			(16	)			0.6	%
Change in valuation allowance			1,299				-45.5	%
Other			15				-0.5	%
Kuwait
Branch income tax			64				-2.2	%
Effective tax rate		$	905				-31.7	%

(1) State taxes in Texas represented the majority (greater than 50 percent) of the tax effect in this category.

The following table presents a reconciliation of the federal statutory rate to the Company’s effective tax rate in accordance with the guidance prior to the adoption of ASU 2023-09, Improvements to Income Tax Disclosure:


		December 31,
		2024
U.S. federal tax benefit at statutory rate			21.0	%
State taxes, net of federal benefit			12.7	%
Permanent differences			22.7	%
Permanent differences related to foreign items			-5.8	%
Transfer pricing			1.2	%
Foreign rate differential			1.4	%
Foreign taxes			-10.4	%
Valuation allowance			-0.3	%
Credits			-12.1	%
Income taxes deferred adjustment			27.0	%
Income taxes payable adjustment			-58.8	%
Other			0.4	%
Effective tax rate			-1.0	%

Schedule of Income Taxes Paid

The following table presents income taxes paid for the years ended December 31, 2025 and 2024 (in thousands):


		Year Ended December 31,
		2025				2024
Income taxes paid (net of refunds):
Federal		$	—			$	2,663
State:
New Mexico			—				175
Texas			495				435
Louisiana			70				22
Other			62				90
Total State			627				722
Foreign
Canada			797				—
Total cash paid for income tax		$	1,424			$	3,385

Schedule of Deferred Tax Assets and Deferred Tax Liabilities

The tax effects of temporary differences and carryforwards that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2025 and 2024 are presented below (in thousands):


		Year Ended December 31,
		2025				2024
Deferred tax assets
Net operating loss carryforward		$	8,213			$	3,488
Allowance for credit losses			296				321
Share-based compensation			2,262				1,800
Bonus accrual			151				70
Inventory			200				220
Intangible assets			—				1,815
Federal credits			784				3,252
Other			6,073				2,681
Gross deferred tax assets			17,979				13,647
Valuation allowance			(4,228	)			(3,019	)
Net deferred tax assets			13,751				10,628
Deferred tax liabilities
Depreciation on property, plant, and equipment			(10,750	)			(10,902	)
Withholding tax on unremitted earnings			(247	)			(431	)
Intangible assets			(4,277	)			—
Other			(5,643	)			(5,221	)
Deferred tax liabilities			(20,917	)			(16,554	)
Net deferred liabilities		$	(7,167	)		$	(5,926	)